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MicroStrategy, a US-based business intelligence and software company, has introduced a new decentralized identification protocol named Orange. This innovative protocol was unveiled at the annual MicroStrategy World event in Las Vegas on May 1.
Orange stands out by employing a novel method of using inscriptions as Ordinals on the Bitcoin (BTC) blockchain to store data related to decentralized...
Celestia (TIA) is prone to further correction after consistently forming red candlesticks over the past few days. The saving grace is that investors are not too keen on saving the altcoin either.
The most likely outcome for TIA is a five-month low since it follows the cues set by Bitcoin, which dropped below $60,000.
Celestia Investors Save Their Money
Celestia’s price decline resulted...
Chainlink (LINK) is currently facing bearish woes and could react to them by noting a price drop. This is essential for the altcoin to initiate a recovery that could help gain the losses noted recently.
Investors are exhibiting short-term pessimism, which aligns with the predicted outcome for the LINK price.
Chainlink Investors Could Make a Move Soon
LINK price is anticipating a decline...
Shiba Inu (SHIB) stands at a critical point. As traders watch closely, SHIB faces potential turning points that could propel it to new highs or see it plummet to new lows.
With key technical levels coming into play and market sentiment swinging, the meme coin’s immediate future is fraught with promising opportunities and significant risks.
The Dual Outlook on Shiba Inu (SHIB)
Shiba Inu...
Bonk failed to breach a key resistance trend line, which would have resulted in the meme coin escaping further decline. However, looking at the descending wedge BONK is stuck in, it warrants another drawdown.
This sentiment is also shared by investors who place short bets on the meme coin.
Bonk Funding Rate Dips Again
At the time of writing, Bonk’s price is above an important support...
Bitcoin, Ethereum, and Solana experienced significant rebounds following the latest Federal Reserve announcement by Chair Jerome Powell.
Bitcoin, Ethereum, and Solana saw a significant price increase, coinciding with Powell’s insights from the Federal Open Market Committee’s meeting.
Crypto Market Soars as Jerome Powell Speaks
The Federal Reserve maintained the current benchmark...
Ladan Stewart, a former key figure at the US Securities and Exchange Commission (SEC), has publicly refuted claims suggesting a governmental agenda against crypto.
She emphasizes that the regulatory body’s actions never aimed to stifle innovation in the nascent industry.
Cryptos Will Not Be Eliminated in the US
Stewart, now a partner at White...
Federal prosecutors are scrutinizing financial transactions linked to Block, a firm founded by Jack Dorsey, focusing on potential violations at its divisions, Cash App and Square.
According to sources, this investigation stems from documents indicating that Block processed crypto transactions for terrorist organizations and Square handled transactions involving countries under US sanctions...
PEPE price was noting a breakout from a descending wedge. However, this potential rally failed soon after, and the meme coin is now vulnerable to a decline.
Losing the support of $0.00000624 for good could result in the frog-themed token slipping to a two-month low.
Crypto Whales Move to Sell PEPE
Meme coins are laced with uncertainty regarding gains, and investors of such assets make...
Tether, the entity behind the leading stablecoin USDT, reported a record net profit of $4.52 billion for the first quarter of 2024. It was primarily driven by gains from its substantial US Treasury holdings.
This performance marks a significant financial milestone for the company, showcasing its adept management of a diverse asset portfolio amid volatile market conditions.
US Treasury...